Mueller Demands Trump's Deutsche Bank Account Details, Where President Owes Millions

Posted December 06, 2017

U.S. Special Counsel Robert Mueller's office has spent about $3.2 million in the first 4-1/2 months of its investigation into Russian meddling in the 2016 presidential election, the Justice Department revealed in a report on Tuesday. The Deutsche subpoenas were sent several weeks ago, according to the Bloomberg report.

As is to be expected when he feels fussed, the President may react badly to this news, especially after having previously warned that, "if Mueller examined his family's finances beyond any relationship with Russian Federation he'd consider it "a violation", as Bloomberg recalls.

Mueller is investigating alleged Russian attempts to influence the 2016 USA presidential election and potential collusion by Trump aides.

In June, the German bank rejected requests for account records by Democrats in the US House of Representatives to provide details of the president's finances. The special counsel has hired a small army of attorneys - 17 - to work the investigation.

Trump's relationship with Deutsche Bank stretches back some two decades and the roughly $300 million he owes to the bank represents almost half of his outstanding debt, according to a July 2016 analysis compiled by Bloomberg news agency.

Trump has done billions of dollars' worth of business with Deutsche Bank in the past 20 years; he has previously said that he would consider Mueller looking into his finances beyond any connection to the Russian Federation investigation "a violation". A string of bankruptcies at his hotel and casino businesses during the 1990s made most of Wall Street wary of extending him credit. The lender said Tuesday it would not comment on any of its clients, adding that Deutsche Bank "always cooperates with investigating authorities in all countries". The Doral loans mature in 2023, his electoral filings show.

Deutsche Bank has been served.

That figure includes a $170-million loan Trump took out to finish a hotel in Washington.

The subpoena was earlier reported by German daily Handelsblatt.